Beware! Millennium Operations is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
There is a theme throughout Millennium Operations of the unknown, the unsure, the vague, and the ambiguous. To us this broker is already in the grave, and even before that it probably had a rough time because it really cannot find its footing.
We looked for any real legal or registration sign, and in the end figured it out. Millennium Operations is anonymous, a conclusion that was way too easy to reach.
Even though Millennium Operations states to be licensed by the CNMV, FCA, KNF, BAFIN, CySEC, IFSC and “…etc” we know for a fact that it is essentially an anonymous broker, because there is no address despite these regulatory claims. And speaking of which, they are just mentioned once without any links or further info to back their credibility. So a bunch of lies alltogteher.
Add to that the lack of any sort of legal document and provisions, and you have a recipe for one very unregulated broker. Not to mention that being anonymous means untraceable in the FX world, and all payments are lost forever once invested.
|Guaranteed Funds||Segregated Accounts||Negative balance protection|
|UK regulated brokers||£85 000||Yes||Yes|
|EU regulated brokers||€20 000||Yes||Yes|
|AU regulated brokers||No||Yes||Yes|
|US regulted brokers||Yes||Yes||No|
Millennium Operations Trading software
|Analytical tools||Auto trading||Custom indicators||Mobile apps|
|Millennium Operations No Software||❌||❌||❌||❌|
|cTrader||40+ indicators||✅||✅||Android and iOS|
There was no way to register as the broker produces an error page, technically a “Page Expired” notice, that means that the user area was blocked to us, and perhaps closed for everyone.
As for the site, there was no trading platform at all, and the broker actually states to be a binary options trader at a couple of occasions, which is even more damaging to any potential trading software.
Honestly, Millennium Operations seems to also be confused. We have no idea what it offers, but we do know that it is a risk what ever you do here.
Millennium Operations Trading instruments
There are no trading assets talked about anywhere. Unfortunately, the lack of a trading platform also means that there is no guarantee that Millennium Operations is a “real” broker, in that it may not really offer trading conditions.
Millennium Operations Spreads and cost of trading
Of course, the lack of a trading platform, plus the vague binary options statements end up being the two major barriers to the spread. There are no spreads talked about anywhere, and no guarantee that is actually offers any kind of trading at all.
Millennium Operations Maximum leverage
|UK regulated brokers||30:1||5:1||❌||10:1||10:1|
|EU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|AU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|US regulated brokers||50:1||❌||❌||❌||❌|
All leverage values mentioned are in percentages, and without any further context these are irrelevant. Moreover, there is no real proof of a trading software, and the fact that Millennium Operations is probably a binary options trader where leverages do not apply, all leas us to believe that this broker is already lost.
If you are interest in high leverage then we can help you out with that in the link we provided.
Millennium Operations Deposit and withdrawal methods
|Deposit time||Withdrawal time||Fee|
|Credit card||No Information||No Information||No Information|
|Debit Cards||No Information||No Information||No Information|
|PayPal||No Information||No Information||No Information|
|Stripe||No Information||No Information||No Information|
The only information on the payment methods is taken from logos of credit and debit card providers, PayPal and Stripe. That is all the information about the payment means, and we don’t really know if these are accurate. But even if we were, the broker would still be a risk, and let us remind you that the user area is blocked or broken.
Millennium Operations Minimum deposit
The minimum deposit requirement is $500, which is ridiculous for a broker that looks and plays out like this one. Even if there was a way to invest, we wouldn’t recommend it. In fact, try out these brokers instead for a minimum deposit experience if you don’t want to risk money.
Millennium Operations also offers bonuses, or claims to offer at least one of $1000. May we remind you that bonuses with FX brokers are illicit with most regulated brokers, and those little that have the authority to offer them are risky. If you are willing to try them anyway, we have just the list of bonuses for you!
Millennium Operations Withdrawal requirements
|Trading volume||Fee/Tax on withdrawal||Minimum withdrawal|
|Millennium Operations||Not specified||Not specified||Not specified|
|UK regulated brokers||No||No||No|
|EU regulated brokers||No||No||No|
|AU regulated brokers||No||No||No|
|US regulated brokers||No||No||No|
There were no withdrawal details at all, and we have no idea if withdrawals were ever actually available. No withdrawal fees are specified, but that does not mean that Millennium Operations did not charge such commissions as one point or another.
If a broker requires any upfront payment form you or taxes that seems out of proportions then you are probably dealing with a scammer. Things like a 20% fee, or “third party” charges are signs of the scammer without a doubt.